The time required to collect information about the current state of the economy is known as
A) the recognition lag.
B) the action lag.
C) the effect lag.
D) the fiscal lag.
Correct Answer:
Verified
Q190: Once either expansionary or contractionary fiscal policy
Q191: The recognition time lag recognizes that it
Q192: Discretionary fiscal policy
A) may not have desired
Q193: To the extent that the political process
Q194: The amount of time it takes the
Q196: The period between the implementation of a
Q197: In January 2009, the President submitted a
Q198: The action time lag is the time
Q199: The effect time lag is the time
Q200: The amount of time that it takes
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